If you drive an $80k+ car, what is your age and HHI?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:31yo, single, HHI is 125k, I bought a 85k Porsche Cayenne. I love this car.
If I had to wait until I'm making 500k to enjoy owning this car, I would be dead long before it happens.

This makes no sense. How can afford payments?

Easy. I'm leasing the car and the lease is $1000 per month. I can afford the payments because I have lower housing expenses.
My rent is $1200 for a 1bd apartment. I could have rented an apartment in a more upscale building for $2200 like others and driven a Honda Civic. I prefer to pay a cheap rent and drive a Porsche Cayenne.

That.Is.Dumb.

It’s not any dumber than paying $2,200 for an apartment… or renting ANY apartment at all. Renting is even dumber.

No, buying a house you can’t afford is even dumber.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Our HHI is 1m and we have no debt other than our mortgage which is 6k a months. I'm hemming and hawing about buying a new Pacifica at $55k. That's way more than I've ever spent on a car.

You guys are crazy. Almost every decent new car is now 40k+. You can get the car.

The PP is good earner but seriously, he is mentally ill.

That was me (I'm a woman, we also earn money )

Why am I ill? Because I don't want to spend money on a depreciating asset? It gets me from point a to b exactly the same was as my Jeep does. Do I want to spend 60k for essentially no reason? I didn't get to this income by making foolish choices.

Never mind the money and income. Who the heck drives a Jeep? And why even work and talk about income when the price of your Jeep would have provided you your income if invested properly.

+1

You would think with the ability to earn $1M annually the PP would understand that buying any FCA vehicle (much less two of them) is a foolish choice.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:31yo, single, HHI is 125k, I bought a 85k Porsche Cayenne. I love this car.
If I had to wait until I'm making 500k to enjoy owning this car, I would be dead long before it happens.

This makes no sense. How can afford payments?

Easy. I'm leasing the car and the lease is $1000 per month. I can afford the payments because I have lower housing expenses.
My rent is $1200 for a 1bd apartment. I could have rented an apartment in a more upscale building for $2200 like others and driven a Honda Civic. I prefer to pay a cheap rent and drive a Porsche Cayenne.

But why the cayenne?

[Anonymous]

The ultimate DCUM virtue signal. A high income and a crappy car. You guys are heroes. Thank you for your service.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Our HHI is 1m and we have no debt other than our mortgage which is 6k a months. I'm hemming and hawing about buying a new Pacifica at $55k. That's way more than I've ever spent on a car.

You guys are crazy. Almost every decent new car is now 40k+. You can get the car.

The PP is good earner but seriously, he is mentally ill.

That was me (I'm a woman, we also earn money )

Why am I ill? Because I don't want to spend money on a depreciating asset? It gets me from point a to b exactly the same was as my Jeep does. Do I want to spend 60k for essentially no reason? I didn't get to this income by making foolish choices.

BLAH BLAH BLAH POINT A TO POINT B. You stupid braindead morons if I hear this ONE MORE time I'm going to explode. Let's try it with other stuff too. Durrrrr a car is just for getting you from point A to point B. I love my toyota corolla crapbox. Durrrr food is just for calories and then pooped out. I love my McDonalds crapburger. Durrrr a house is just for a roof protecting you from the elements. I love my doublewide trailer. Durrrrr clothes are just for covering your private parts. I love my 40 year old Kmart t-shirts. Maybe we don't all want to live a crappy, boring life devoid of material pleasures. If that's how you want to live then go ahead but imagine, *GASP*, if people could have DIFFERENT PREFERENCES? Could that even be POSSIBLE?

Hahahaa love this! Amen

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m shocked how many people in our community have bought fully loaded Tahoe/Yukon/Suburban/Expedition so I looked up the pricing. OMG!

If you spend this much, what is your age and HHI? We make in the 400’s and feel badly spending $50k.

I can but won't buy an expensive car. Its a depreciating asset and I'm not interested in cars or showing off. I would rather invest or spend extra money on family and travel. Giving parents a peaceful retirement or kids a good private debt free education is a better use in my opinion.

Everything you spend money on doesn't have to be an appreciating asset.
You spend money on travel instead. Travel isn't an appreciating asset. It's not even an asset. The money is all gone the moment you spend it. At least I could sell the car a few years later and get some money back.
If you are looking at it from an asset angle, spending the money on a car is a much better deal.

[Anonymous]

Anonymous wrote:The ultimate DCUM virtue signal. A high income and a crappy car. You guys are heroes. Thank you for your service.

+1

This. Y'all can't manage your own damn shoelaces, and we all hope to God you aren't making any (any) meaningful decisions.

[Anonymous]

I know a guy who makes $160 and who felt compelled to buy a $110k Lexus. It's nuts.

So many driving $50-80k+ cars don't really make all that much and love to have a stupid image. Or they lease because they can't really afford it.

This is exactly why so many people have garbage 401ks and retirement savings. So many idiots on the road with $1000+ per mo car payments..And that's co my completely ignoring insurance payments on top of it. Cars these days are such a massive waste of money.

[Anonymous]

I am frustrated by the price of cars but there is nothing I can do about it.

I want a Toyota Land Cruiser. The few used ones out there (old style) are super overpriced in decent shape. Option (only) is the 100k Lexus lx.
Do I want to spend 100k on a car? No, but I want a nice car that can go off road. Not many to choose from. It sucks to put 50l down and still have a 1k payment and huge annual tax bill in va.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:31yo, single, HHI is 125k, I bought a 85k Porsche Cayenne. I love this car.
If I had to wait until I'm making 500k to enjoy owning this car, I would be dead long before it happens.

This makes no sense. How can afford payments?

Easy. I'm leasing the car and the lease is $1000 per month. I can afford the payments because I have lower housing expenses.
My rent is $1200 for a 1bd apartment. I could have rented an apartment in a more upscale building for $2200 like others and driven a Honda Civic. I prefer to pay a cheap rent and drive a Porsche Cayenne.

That.Is.Dumb.

No dumber than renting where you live.

Not for people who need to move frequently for work or who refuse high interest rates. Renting actually makes sense right now.

However, the car is stupid. OP should keep the one bed, and invest his savings in stocks so that he can be wealthy later. This is what I did, and now I'm in my 40s with 15M. No family help and a middle class income. But only if you're not stupid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:31yo, single, HHI is 125k, I bought a 85k Porsche Cayenne. I love this car.
If I had to wait until I'm making 500k to enjoy owning this car, I would be dead long before it happens.

This makes no sense. How can afford payments?

Easy. I'm leasing the car and the lease is $1000 per month. I can afford the payments because I have lower housing expenses.
My rent is $1200 for a 1bd apartment. I could have rented an apartment in a more upscale building for $2200 like others and driven a Honda Civic. I prefer to pay a cheap rent and drive a Porsche Cayenne.

That.Is.Dumb.

No dumber than renting where you live.

Not for people who need to move frequently for work or who refuse high interest rates. Renting actually makes sense right now.

However, the car is stupid. OP should keep the one bed, and invest his savings in stocks so that he can be wealthy later. This is what I did, and now I'm in my 40s with 15M. No family help and a middle class income. But only if you're not stupid.

Me again. My goal is creating generational wealth for my kids. This is why I don't mind not spending all my money, driving a basic car and living in a small house. The sacrifices have a point.

[Anonymous]

Anonymous wrote:I’m shocked how many people in our community have bought fully loaded Tahoe/Yukon/Suburban/Expedition so I looked up the pricing. OMG!

If you spend this much, what is your age and HHI? We make in the 400’s and feel badly spending $50k.

Your community must be outside of the city. I live 20007/20016 and the only expensive looking cars are 'for hire' or government cars.
Nobody cares for the big cars. We all know most houses are 2.5-4 million here. No need for Yukon to show off.